Global Display Controller Market

Global Display Controller Market Size, Share, Growth Analysis, By Type(LCD Controllers, Touchscreen Controllers), By Application(Appliances, Industrial Control) - Industry Forecast 2024-2031


Report ID: SQSG45J2034 | Region: Global | Published Date: February, 2024
Pages: 165 | Tables: 70 | Figures: 75

Global Display Controller Market Dynamics

Display Controller Market Driver

  • Rising adoption of interactive displays in the retail sector

Increasing adoption of interactive displays in the retail sector for improved customer experience, rising demand for sophisticated display controllers in teleconferencing applications, rising demand for mobile computation devices with advanced display and controller technologies, and changing the role of display controllers from generic devices to holistic system controllers are some of the major and vital factors that will likely augment the growth of the display controller. On the other hand, increasing applications from the automotive sector, as well as the rising trend of employing displays at trade exhibits and events, will further contribute by producing significant opportunities, resulting in the expansion of the display controllers market throughout the forecasted timeframe.

  • Rising use of display control in the LED sector.

The key players in the LED sector are constantly focusing on a variety of display controls in the market to meet the demand of the end user, specifically  in the medical sector.LEDs are being used more frequently in the medical industry to create equipment that is faster, cleaner, safer, and has a longer lifespan and display control can be vital part of this innovation.

Display Controller Market Restraint

  • Lack of skilled labour force

Lack of skilled labour to design software programs as well as complex manufacturing applications would most likely serve as market barriers for the growth of display controllers in the above-mentioned anticipated period. The implementation of various operating systems would be the most difficult and time-consuming obstacle for the market's growth.

  • Exorbitant cost

The major drawback is the high cost caused for many innovations created. For instance, expenses caused for customization of touch tables.The item has high development potential, yet factors like exorbitant cost and low accessibility are significant restrictions for this item

 

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Global Display Controller Market size was valued at USD 29.39 billion in 2019 and is poised to grow from USD 32.24 billion in 2023 to USD 74.04 billion by 2031, growing at a CAGR of 9.68% in the forecast period (2024-2031).

Key players in the display controller market are launching new products, acquiring other companies, and implementing various measures to broaden their product portfolios and acquire a competitive advantage in the global display controller industry. For example, in June 2021, Samsung Display announced plans to release large-scale QD-OLED display panels in the second half of the year as part of its $11 billion investment in large-sized OLED panel production by 2025. LG announced LG MAGNIT, its first Micro LED display product that uses the COB and Black Coating technologies, in September 2020, with the goal of catering to consumers in the Middle East, Asia, Europe, and the Americas. 'Samsung Electronics Co., Ltd. (South Korea)', 'LG Display Co., Ltd. (South Korea)', 'Texas Instruments, Inc. (US)', 'Novatek Microelectronics Corp.', 'Synaptics Incorporated', 'Himax Technologies Inc.', 'MediaTek Inc.', 'National Instruments Corporation', 'Silicon Laboratories Inc.', 'Panasonic Corporation', 'STMicroelectronics N.V.', 'Toshiba Corporation', 'Integrated Device Technology, Inc.', 'NXP Semiconductors N.V.', 'Analog Devices, Inc.', 'Parade Technologies Ltd.', 'Innolux Corporation', 'ON Semiconductor Corporation', 'Seiko Epson Corporation', 'Renesas Electronics Corporation'

Rising adoption of interactive displays in the retail sector

The increasing demand for mobile computation devices with superior display and controller technologies, among others, as a result of the increasing trend of digitalization, is expected to drive the global Display Controller market at an exponential rate over the forecast period. Furthermore, the worldwide Display Controller market is segmented by video interfaces into video shifter, video interface controller, and video co-processor, among others. Furthermore, due to the growing usage of interactive displays in the retail sector for enhanced customer experience, numerous interactive display manufacturers are increasingly focusing on boosting output. This, in turn, is expected to drive the Display Controller Market in the coming years.

In 2021, North America had the largest global display controller market share. Major applications such as mobile communication and teleconferencing, e-learning, digital signage, advertising, and command and control are in high demand in this region. Display controller market growth in North America is being fueled by factors such as the availability of innovative technology and abundant funding.

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Global Display Controller Market

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